CONTRACT OF LEASE

TAPAZ MUNICIPAL MARKET STALL/UNIT

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease executed and entered into by and between:

_____________________________________, Filipino, all of legal age, single/married, and a

resident of Barangay______________, Tapaz, Capiz hereinafter referred as the “LESSEE;

-and-

MUNICIPAL GOVERNMENT OF TAPAZ, with office address at the Municipal Hall,

Barangay Poblacion, Tapaz, Capiz, represented herein by its Municipal Mayor HON.
ROBERTO O. PALOMAR, hereinafter referred to as the ‘LESSOR’;

-Witnesseth-

WHEREAS, under Section 18 of the Local Government Code. Local Government units
have the power to acquire, develop, lease, encumber, alienate, or otherwise dispose
of real or personal property held by them in their proprietary capacity and to apply
their resources and assets for productive developmental or welfare purposes;

WHEREAS, Section 22 (d) of the Local Government Code holds that the local
government units shall enjoy full autonomy in the exercise of their proprietary functions
and within the limitations provided in the Code and other applicable laws;

WHEREAS, the Lessee intends to lease a stall/unit in Tapaz Public Market for the
conduct of its lawful business;

WHEREAS, the Lessor has existing stall/unit in Tapaz Public Market ready for lease to
interested parties;

NOW THEREFORE, for and in consideration of the foregoing premises, the LESSOR leases
unto the LESSEE and the LESSEE hereby accepts from the LESSOR the leased premises,
subject to the following terms and conditions:

1. OBLIGATIONS OF THE LESSEE.

The Lessee shall:

a. Pay the corresponding monthly rental in the amount of

_____________________________
with two (2) months advance and two (2) months deposit;

b. Not sublease the stall he/she is occupying and shall conform to the
arrangement of sections in the public market;

c. Conduct business in the stall (or stalls) shall belong exclusively and shall not sell
or transfer privilege of occupying the stall or otherwise permit another person
to conduct business therein;

d. To vacate peacefully the premises of the leased area upon receipt of notice
to vacate from the Municipal Treasurer’s Office/Economic Enterprise and other
duly authorize representative of the Municipal Government.

e. Keep the stall (or stalls) at all times in good sanitary condition and comply
strictly with all sanitary and market rules and regulations now existing or which
any thereafter be promulgated;
 f. In case the Lessee engage the service of the helpers, he/she shall nevertheless
personally conduct business and be present at the stall (or stalls). The Lessee
shall promptly notify the market authorities of my absence, giving my reason or
reasons therefore.

g. Any violation on my part or my helpers of the foregoing conditions shall be sufficient

cause for the market authorities to cancel this contract.

2. OBLIGATIONS OF THE LESSOR.

The Lessor shall:

a. Maintain order and security in the market premises;

b. Provide access to electricity and water to the Lessee;
c. Exercise ordinary repair and maintenance of the property;

3. DURATION OF THE CONTRACT AND TERMINATION

This CONTRACT OF LEASE shall commence on___________________and may be

renewed every January of the following year or terminated by the Lessor for
the cause. The Lessor shall notify the Lessee in writing at least fifteen (15) days
prior to the date of the termination of this contract. Incremental increase in the
amount of lease will be applied base on the rate prescribed in the municipal
revenue code and other pertinent laws.

4. GOVERNING LAW AND VENUE FOR DISPUTE.

This contract shall be subject to and interpreted according to the general laws
of the Philippines on contracts. If the parties have a dispute over this Contract
of Lease which cannot be settled except trough court intervention, and in any
action to enforce provision hereof, the venue for the same shall be the courts
of Roxas City, Capiz.

5. ENTIRETY OF CONTRACT.

This contract contains the entire understanding of the parties and there shall
be no representations, warranties, promises, undertaking that shall be given
force and effect other than those contained therein.

6. MODIFICATIONS.

Any changes in this Contract of Lease shall be executed in writing and signed
by the parties. This CONTRACT OF LEASE shall be valid and binding between
the parties, their successors-in-interest and assigns.

IN WITNESS WHEREOF, parties herein affixed their signatures on the date and
place above written.
For the LESSEE: FOR THE MUNICIPAL GOVERNMENT
OF TAPAZ:

HON. ROBERTO O PALOMAR

_________________________ Municipal Mayor
Name & Signature Tapaz, Capiz

Signed in the presence of:

_____________________________ _________________________
_____

ACKNOWLEDGEMENT

Republic of the Philippines)

_________________________) S.S

BEFORE ME, personally appeared:

Name ID Number Date/Place Issued

ROBERTO O. PALOMAR ___________________________ ___________________
___________________________ ___________________

Known to me and to me known to be the same persons who executed the

foregoing instrument and acknowledged to me that the same is their free and
voluntary act and deed.

This instrument consisting of three (3) pages, including the page on which this
acknowledgement is written, has been signed on each and every page
thereof by the concerned parties and their witnesses, and sealed with my
notarial seal.

WITNESS MY HAND AND SEAL, on the date and place first above written.

Doc. No.______;
Page No. ______;
Book No.______;
Series of 20___.